Posts tagged labor force

    Understanding America’s Labor Shortage: The Most Impacted Industries

    September 9, 2022 // For example, durable goods manufacturing, wholesale and retail trade, and education and health services have a labor shortage—these industries have more unfilled job openings than unemployed workers with experience in their respective industry. Even if every unemployed person with experience in the durable goods manufacturing industry were employed, the industry would only fill 65% of the vacant jobs. Conversely, in the transportation, construction, and mining industries, there is a labor surplus. There are more unemployed workers with experience in their respective industry than there are open jobs.

    Worker Shortage Continues: Low Wage Sectors Hardest Hit

    August 1, 2022 // 33% of women and 16% of men said caring for children or others at home has made returning to work difficult. Other barriers to re-employment were concerns about Covid, health concerns, Covid-related issues in their industry, or simply a greater reliance on others in the household, making it less critical to return to work. Moreover, three million adults retired early because of the pandemic. Almost half (48%) of those who lost their job said they leaned on pandemic stimulus payments to get by. Thirty-six percent said they used unemployment insurance benefits as a source of income and 29% utilized other government programs or incentives.